Intraday Market Thoughts
Never Heard of it Therefore it ain't Important
by
Oct 3, 2023 19:48
So you trade currencies? Dabble in indices, speculate in gold or scalp oil? What were you doing today at 9:45 am Eastern, 2:45 pm London or 5:45 pm Dubai? Most of you have heard of the JOLTS report, others never heard of the thing, but those who know what it is(or not), how many were ready for it? 30 mins before today's release of the JOLTS report, I prepared our WhatsApp Broadcast Group with the possible scenarios and their impact on indices and gold. I also mentioned to the Group how it moved markets the last time it was released (Aug 29). What happened after the report was history. I will not mention on here my repeated warnings to the Group this week and last on the need for the Bank of Japan to intervene as a 1st salvo to exploit thin liquidity from China holiday. Finally, the Nasdaq100 targets were just some of the targets hit.
You can spend hours in trading chatrooms, listening to experts and peers to feel a sense of community or guidance. But beyond NFP and FOMC, there is an ocean of developments, relationships, clues, trend and patterns, that will not be revealed to the naked market eye i.e. not everything is obvious or apparent. You need consistency in guidance and alerts throughout the trading day.
Click To Enlarge
Click To Enlarge
If you have made it all the way to the end of these 4 paragraphs, then it means your attention span is longer than 6 minutes. All you need is 5 mins to watch what the WBG is about and how it's been helping traders, analysts, novices and experts, watch this clip and speed it up to 1.5x so it goes faster. And the bit about the BoJ in 4:50 mins.
Latest IMTs
-
Exploiting Copper & Power إربح في النحاس والكهرباء
by Ashraf Laidi | May 7, 2024 11:18
-
تداول ناسداك وداوجونز مع عائد السندات
by Ashraf Laidi | May 2, 2024 12:03
-
Deflationary Bitcoin صلابة بيتكوين
by Ashraf Laidi | Apr 24, 2024 11:20
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07